Comment Number: 522418-05557
Received: 7/1/2006 11:56:14 PM
Organization:
Commenter: Ninh Nguyen
State: NC
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

To whom it may concern: I am Ninh Nguyen, an Independent Business Owner utilizing the Quixtar.com web portal to power my business. I have never written to a government official but when I heard about this issue it hits home the most. I have been an IBO since June 17, 2001. I have full trust in the organizations that backs me up on a daily basis. From my personal experience I feel the opportunity today has proper disclosures to let any prospect determine themselves if this is a proper opportunity for them. Quixtar provides disclosures that gives the average income at various levels of achievements. I looked at those numbers before I choose to become an IBO, although helpful the true value in research lies within a person's own judgement about the character and integrity that lie within an organization, not some statistical regression model or arbitrary numbers that have little relavance about the true opportunity. Keeping things simple is what the FTC's role should be, not to burden a great industry with political red tape. That leads me to my next point of a litigation list. Proposing that we as IBOs put out all of our litigations past and current even if it has no merit on the organization as a whole would adversely affect great opportunities and experiences that I have right now with Quixtar. This part would invoke unnecessary, costly, and burdensome activities that would hamper the long term growth of a self employed opportunity. Asking each individual IBO to disclose there personal income is absolutely a violation of personal privacy. That rule clearly violates anyone's ethical conscience. That's just like me coming up to any man or woman on the street and demanding them to tell me what they make. Providing references should be the choice of an individual to request not forced upon by some government intervention. From my personal experience on this end, the Quixtar business opportunity gives a prospect the opportunity to meet with other like minded business owners, many times on a weekly basis, the chance to interact with active IBOs who are building the business with the current and active market conditions. Why should any organization risk giving out the private names and numbers of individuals who may or may not have any vested interest in the quest for preserving the free enterprise system of private business ownership. Every prospect that I show the business model to has the right to ask about anything they want of the opportunity to make there own decisions. Overall, I agree that the FTC should protect the interest of consumers and businesses and there respective opportunities alike, but by posing rules and regulations that can significantly hamper the ability for entrepreneurs who want and need the help of a business support team is uncalled for. I have had and still to this day have great experiences with past, current, and new individuals that I meet on a daily basis who all feel they have proper information to make a decision themselves by conducting there own due deligence in determining if a business is worth there time to pursue. I greatly appreciate the opportunity to express my thoughts. Bottom line is leave the consumers and business owner's the right to make our decisions based on how we know to build the business since we are the one's out in the field every working day to make a living and provide opportunities to those who seek voluntarily to learn about it.